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India - Apparel exporters demand incentives
Dated- 12 Apr , 2012 - India
To offset the impact of demand slowdown in the US and Europe, apparel exporters have demanded incentives in the foreign trade policy which is to be announced soon. Apparel Export Promotion Council (AEPC) chairman A Sakthivel has asked for incentives like the extension of 2 per cent interest subsidy for entire garment and knitwear sector. The government provides interest subsidy to the SME sector only. “It is requested that 2 per cent interest subvention may be given in the year 2012-13 so that exporters can tide over to tight monetary situation,” he said. Since situation in the US and Europe looks grim for the next year as well “the industry seeks extension of 2 per cent Market Linked Focus Product Scheme for the period 2012-13.”
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